Explain the Three Main Types of Classes in Data Modeling

question 30

Essay

Explain the three main types of classes in data modeling.

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Definitions:

SEM

Standard Error of the Mean, a statistic that measures the precision with which the sample mean represents the population mean.

Path Analysis

A specialized kind of regression analysis used in structural equation modeling to describe the directed dependencies among a set of variables.

Factor Analysis

A technique utilized to identify underlying relationships between measured variables through the analysis of linear combinations.

Regression

A statistical method used to analyze the relationship between a dependent variable and one or more independent variables.